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Bill lengthening coronavirus small business loan terms nears U.S. House passage - Metro US

Bill lengthening coronavirus small business loan terms nears U.S. House passage

FILE PHOTO: The U.S. Capitol Rotunda on Capitol Hill in Washington

WASHINGTON (Reuters) – The U.S. House of Representatives on Thursday neared passage of legislation increasing the amount of time, to 24 weeks from the current eight-week deadline, for small businesses to use Paycheck Protection Program loans.

As voting continued, the bill was headed to overwhelming passage in the House.

(Reporting by Richard Cowan; Editing by Chizu Nomiyama)

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